Business
Employees, Markets Curious as Top Officials Meet to Decide on Privatisation of 2 Public Sector Banks Today
The Centre, in a meeting of top officials on Wednesday, will zero in on privatisation of two public sector banks. Senior members of the Niti Aayog, RBI and the finance ministry’s financial services and economic affairs departments will be discussing the potential candidates for privatisation NITI Aayog had last...
New Maharashtra Restrictions Likely to Impact Sensex, Nifty: Report
India is going through a tough phase due to the rapid increase in coronavirus cases across the country, especially in the state of Maharashtra. Taking in view of the station, Chief Minister Uddhav Thackeray imposed Section 144 in the state to curb the virus spread. Various restrictions have also...
Dr Reddy’s Working on Stability Data on 2 to 8 C Temperature Range for Sputnik V Vaccine
Dr Reddy’s Laboratories is in the process of generating additional stability data for Russia’s COVID-19 vaccine Sputnik V, which has a storage condition of -18C, on 2 to 8 C, a senior official of the drug maker said on Wednesday. Deepak Sapra, Dr Reddy’s Chief Executive Officer, API and...
Coinbase Listing Marks Latest Step in Crypto’s March to the Mainstream
The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September. It represents the latest breakthrough for acceptance of cryptocurrencies, an...
LinkedIn Report Finds 93% Companies in India Are Looking to Fill Roles internally
According to LinkedIn’s Future of Talent report, more than nine in 10 (93 per cent) companies in India are looking to fill open roles internally in the post-Covid era. LinkedIn, on Wednesday launched the first edition of the ‘Future of Talent’ report that looked at the evolving role of...
Bitcoin Breaches $63,000 Mark for the First Time, Ether Enjoys a Buoyant Week
Bitcoin this week touched a new record high of USD 63,000. The price of bitcoin climbed as high as USD 63,729.5 on Tuesday, according to data from Coin Metrics. It last traded just under USD 63,000. Bitcoin climbed further by 5 percent during trading the same day. In the...
Financial Markets to Remain Shut for Dr. Baba Saheb Ambedkar Jayanti
Bhimrao Ramji Ambedkar, popularly known as Babasaheb Ambedkar, was a social reformer and the principal author of the Indian Constitution Banks will remain closed in most parts of the country till 16 due to various festivals PTI Mumbai Last Updated:April 14, 2021, 11:04 IST FOLLOW US ON: Domestic financial...
Second Wave of Coronavirus in India May Trigger a Fresh Bout of NPAs and Defaults, Bankers Fear Recovery Wipe-out
With the second wave of coronavirus spreading rampantly across the country, banks are again staring at a year of defaults, NPAs and bad books. Moreover, the RBI is yet to announce a moratorium for this year. Bankers fear lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely...
Top Stocks for Investors on April 13
The stock market on Monday, April 12, fell drastically around 3 percent to give a negative ending. The indices on Tuesday, April 13, are expected to give a flat opening as the SGX Nifty was trading at 11.50 points or 0.08 percent down at 14,347.50 at 7:15 am. On...
Price of Gold & Silver Hikes Marginally; Check Prices Here
Gold and Silver prices on Tuesday, April 13, increased marginally in the country. For one gram of 22-carat gold people will have to pay Rs 4 more as the rate stood at Rs 4,475 compared to Rs 4,471 on the previous day. The price of 10 grams of 22-carat-gold...
Sensex Rises Over 200 Pts in Early Trade; Nifty Above 14,350
Equity benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC twins amid largely positive cues from Asian peers. The 30-share BSE index was trading 236.71 points or 0.49 per cent higher at 48,120.09. Similarly, the broader...
Bank Credit Rise 5.56%; Deposits 11.4% in FY21: RBI Data
Bank credit grew 5.56 per cent to Rs 109.51 lakh crore, while deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed. In the 2019-20 fiscal, advances had grown at 6.1...
TCS Reports 15% Jump in March Quarter Profit on Cloud Services Demand Amid Pandemic
Tata Consultancy Services The Mumbai-based company declared a final dividend of 15 rupees per share, compared with 6 rupees per share a year earlier. Reuters BENGALURU Last Updated:April 12, 2021, 19:25 IST FOLLOW US ON: Tata Consultancy Services Ltd reported a 14.9% rise in March-quarter profit on Monday, as...
Shares of Dr Reddy’s Rally over 4% as Sputnik V Receives Approval for Emergency Use in India
File photo of Dr Reddy’s logo. The stock price of Dr Reddy’s Laboratories surged as much as 7.57 percent to an intraday high of Rs 5,119.90 apiece on the BSE. It closed at Rs 4,989.20, up 4.83 percent. The share price of Dr Reddy’s Laboratories rallied over 4 per...
Have You Linked Your Aadhaar with PAN? If Not, Here’s How Much It May Cost You
The government has been giving several extensions to taxpayers who have yet not linked their Permanent Account Number (PAN) with Aadhaar. The last date for linking the PAN card with the Aadhaar card was extended by the Central Board of Direct Taxes (CBDT) from March 31 to June 30,...
Sensex Slumps 1,708 Pts Amid Selloff, Nifty Below 14,350; Dr Reddy’s Surges 5% After Sputnik V Approval
Equity benchmark Sensex plummeted 1,708 points on Monday following an across-the-board selloff as spiking COVID-19 cases in the country spooked investors. The 30-share BSE index sank 1,707.94 points or 3.44 per cent to end at 47,883.38. Similarly, the broader NSE Nifty plunged 524.05 points or 3.53 per cent to...
SBI Collects Rs 300 cr From Zero Balance Accounts in 5 years: IIT-Bombay Study
Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay (IIT-B) has revealed. The study observed that the SBI’s decision to levy a charge of...
Top Stocks for Investors on April 12
The stock market on Friday, April 9, gave a negative ending after starting the day on a flat note led by banking stocks. Following the same trend, the indices on Monday, April 12, are expected to open lower as the SGX Nifty was trading at 51.00 points or 0.34...
